Company DescriptionSpiceworks develops the industry’s first free IT management software designed to meet the unique needs of small and medium businesses. Spiceworks helps IT organizations easily manage their networks, solve IT problems and find the products, services and information they need to do their jobs.

Proceeds PurposesThe company said that over the next year, it will offer more social commerce capabilities, including group purchasing and deals and the ability to purchase IT products and services directly through the Spiceworks platform.